Deutsche Bank's Quarterly Profit Falls 48%
Feb 11, 2:12 PM EST |
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| Net income fell to 953 million euros ($1.39 billion), or 1.93 euros a share, hurt by lower debt trading revenue and growing compensation costs |
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| Despite difficult conditions in the leveraged finance markets, Deutsche Bank’s full-year revenues grew 8% year-on-year to 30.7 billion euro driven by a rise in revenues in the Corporate and Investment Banking division and Private Clients and Asset Management segment where 365,000 new clients were acquired in the fourth quarter. The company also said net write-downs in the fourth quarter were less than 50 million euro. |
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Inpex Revises Earnings Outlook
Feb 09, 11:42 AM EST |
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| Rising oiil and gas prices helped Inpex to lift its sales and earnings outlook for the fiscal year. |
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| Inpex Holdings reported a net sales rise of 17.6% in the nine months to December 31st of 857 billion yen from 729 billion yen realized in the year ago period as sales volumes of both gas and Brent crude oil rose. In the nine-month period, net income jumped 9.6% from 107 billion yen realized a year ago to 117 billion yen. Inpex oil revenues climbed 23% from a year ago in the nine months to December 31st to 556 billion yen on a 4.4% increase in sales volumes from 60,444 Mbbl to 63,127 Mbbl. |
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JAL Profits on Price Hikes, Routes Refocus
Feb 09, 10:10 AM EST |
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| JAL carried 10 million international and 31 million domestic passengers but revenue per kilometer fell 4.4%. |
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| Japan Airline looks for profitable revenues in flights between Japan and other Asian destinations including China, Korea, and regional countries. JAL added more cargo and passenger flights to Asia and rationalized flights to the North American destinations. Japan’s largest airline said third quarter operating revenues fell 4.4% to 558.2 billion yen a year ago. Revenues rose 1% on 5.6% price hikes. |
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Lubrizol Gains, Brush and Cott Decline
Feb 08, 2:57 PM EST |
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| Beckman Coulter, bio medical testing equipment maker, posted earnings of 69 cents per share, down 29% on 11% rise in sales in the fourth quarter. |
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| Lubrizol’s fourth-quarter earnings surged from a year ago thanks to stronger sales volumes and selling prices that helped lift margins. Cott Corp. posted another big fourth-quarter loss, declines in North America sales dragged the bottom line down. Chindex International reported third-quarter net income of $3.89 million or 42 cents per share, vs. $679 thousand, or 9 cents per share, for the year-ago quarter. |
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Emerging Markets Sales Lift Isuzu’s Profit
Feb 08, 1:54 PM EST |
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| Quarterly profit advanced 21.9% as sales on the domestic market and exports increased by 24.2% to 256 billion yen. |
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| Japan''s largest truck maker Isuzu said that third quarter sales revenue increased 28.5% to 430 billion yen as export shipments grew to 6,000 units from 5,000 units a year ago and Middle East and Africa climbed to 15,000 units from 11,000 units last year. Net income increased 2.5% from a year ago to 244 billion yen in the quarter ended December 31st. |
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Unilever’s Revenue Rises but Profit Declines
Feb 08, 8:58 AM EST |
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| Net profit declined to 721 million euros ($1.06 billion) in the latest quarter from 2.03 billion euros reported a year ago. |
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| The world''s second largest maker of consumer products said that sales for the quarter increased 1.7% from a year ago to 9.89 billion euros ($14.6 billion). The management said they continued to see growth in the US, despite recession concerns. Unilever forecast company-wide sales growth at the upper end of a 3% - 5% range in 2008. |
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Smith & Nephew’s Net Profit Falls on Costs
Feb 08, 8:47 AM EST |
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| Quarterly net income fell 26% from a year ago to $222 million and revenue rose 25% to $967 million after Smith & Nephew acquired Plus Orthopedics. |
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| Full-year sales rose 10% from a year ago to $3.4 billion, while trading profit climbed 17% to $706 million. The trading margin in the latest quarter declined as a result of the acquisition costs during the year, amounting to 70 basis points below the year-earlier numbers. Reported trading profit for the year was up 24% to $706 million with a 21% trading margin, 50 basis points higher than 2006 on the benefits of restructuring. |
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NYSE Euronext Profit Rockets 246% after Takeover
Feb 05, 1:57 PM EST |
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| Net profit in the fourth quarter increased to $156 million or 59 cents per share from $45 million or 29 cents per share a year ago. |
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| The stock market operator NYSE Euronext net profit tripled after the NYSE’s takeover on the pan-European market Euronext. Net profit for the fiscal year was 643 million euros ($952.5 million), an increase of 214% from a year ago. The profit growth was attributed to the tightened expenses controls and record trading in both the derivative and cash markets. |
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Moody's Earnings Decline 54%
Feb 07, 1:21 PM EST |
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| Revenue for the quarter was $504.9 million, a decrease of 14% from $590 million for the same quarter a year ago. |
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| The world''s second-largest credit rating company added that the decline is expected to continue in 2008. Fourth-quarter net income dropped to $127.3 million, or 49 cents a share, from $278.6 million, or 97 cents, a year ago. Net income included expenses of $47.8 million, or 11 cents per share, for restructuring including the 275 job cuts in an effort to solve the weaker demand. Excluding charges, operating profit dropped 14% to $259.9 million, or 60 cents a share. |
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Mazda’s Profit Rises 6.9% on Sales Growth
Feb 07, 10:20 AM EST |
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| Nine months profit rose 6.9% as sales increased 9.5% to 2.5 trillion yen from 2.2 trillion yen a year ago. |
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| Japan''s fifth-largest automaker said that despite the retail volumes decline of 3.6% to 175,000 units in Japan caused by falling demand, volumes in North America rose 8.6% as sales of CX-9 and Mazda 3 increased. Net income rose to 45 billion yen from 42 billion yen a year ago. Mazda maintained its full-year profit forecast of a 15% jump to 85 billion yen. |
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